SRI/Shell Complete Acquisition Of Texaco’s Equilon/Motiva Interests

Saudi Aramco announced on 17 February that its subsidiary SaudiRefining Inc (SRI) and Shell Oil, the USarm of Royal Dutch Shell, had completed the acquisition of Texacos share in Motiva Enterprises and EquilonEnterprises. Under the terms of the $3.9bn deal, agreement on which was reachedin principle in October last year (MEES,15 October 2001) and signed two months later (MEES, 24/31 December...